2012-10-01
2012-10-31
STATION
CNBC 5
CSPAN 3
CSPAN2 3
KQED (PBS) 2
KQEH (KQED Plus) 2
KRCB (PBS) 2
WBAL (NBC) 2
WETA 2
WMPT (PBS) 2
MSNBC 1
MSNBCW 1
SFGTV2 1
TBN 1
WRC 1
LANGUAGE
English 28

Set Clip Length:


into centers of various cities for aetna. -- right now. whehowever, as soon as things gt better, they are escorted out. but we might begin to break that cycle. it is just wonderful to walk out on the street and see the world walking by. >> are you giving the twitter deal? >> yes, we are. we just founded a new nonprofit. black rock arts foundation, which is dedicated to spreading interactive, a collaborative art throughout the world. now we have founded but we call the burning and project. -- what we call the burning man project. it eventually leads to the event itself. this is a wonderful opportunity. the thing about burning man, when you look at the variety of people that go there, when you look at this environment, where all the normal boundaries are down in every department of human knowledge and endeavor. if you ask what possible application that we have created that may be useful loud in the desert, -- what would it have an application to? education, urban planning, disaster relief. needless to say, we are ambitious than we think we can affect the course of things. we hope

kicking ourselves. why didn't we buy aetna? why didn't we buy aetna for the trust in let's go to janice in pennsylvania. >> caller: boo-yah, jim. hartford financial? >> goes higher. >> buy, buy, buy! >> i know becky had a big interview. i want to see that interview. john in virginia, john? >> caller: i got crm, november 145 calls. >> wow, you know what? keep them. keep them. you're playing that bounce, playing that bounce. carol in florida. carol? carol? >> caller: hello? >> hey, how are you? >> caller: i just want you to know -- >> no, no, it's chris berman. >> sell, sell, sell! >> dell, no. they don't have it. they're on the populist. bring the cart. and that, ladies and gentlemen, the conclusion of the "lightning round"! >> the "lightning round" is sponsored by td ameritrade. >>> coming up, sale in aisle 4? the brands of b and g foods probably have a room in your portfolio. don't miss cramer's exclusive with the ceo. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before

13% from where it's at now. high on citigrp's buy list-- aetna, csx, goldman sachs, and google. shares of safeway bagged a loss. it's third quarter earnings met profit expectations but sales declined. analysts say grocery store chains like safeway are finding it challenging to compete against big-box retailers. >> as long as household budgets continue to be constrained, consumers are going to look for the cheapest prices, and the cheapest prices are still at the walmarts and costcos, and it's going to be very difficult for them to compete. >> susie: shares of safeway ended down 3.5%. dollar tree is also blaming the cost-conscious consumer for its profit warning. the discount retailer says third quarter results will come in below earlier estimates because consumers aren't spending as much. it also blames higher gas prices. shares of dollar tree slid nearly 8%. rivals family dollar and dollar general posted more modest declines. ruby tuesday also getting hit by a slowdown in consumers eating out. the restaurant chain posted quarterly earnings which matched wall street expectation

. coventry and aetna had no comment. it is all about manufacturing today on wall street. a contraction. that is for a fourth straight month. that is not good news. manufacturing makes up tall % of the overall economy. we did have a lower close back on friday -- manufacturing was makes up 12% of the overall economy. crude oil prices are falling from may 1 week high. have you bought a car lately? banks are offering the lower rates and has pushed vehicle sales up 9.5% last month. that is the fastest pace in three years. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> some folks are starting their holiday shopping. the nintendo wii will be a hard to find item. >> it better try to your hand down one now. preorders are on fire. possibly baby diaper shortage. >> thank you, jane. >> 5:23. 50 degrees at the airport. the washington tavern is set reopened. >> don't forget to e-mail us your response to our water cooler question of the day. now that they're in the playoffs, do you think they have what it takes to win it all? >> you can share your response on w

marco along with us. he is an analyst with janney montgomerie scott. >> susie: from aetna to honeywell and goldman sachs, more than 80 chief executives from some of the nation's biggest companies are calling on lawmakers to cut the federal deficit. they're working with a non- partisan group called "fix the debt," which rang the opening bell here at the nyse today. the group's mantra-- "inaction is not an option." the c.e.o.s want congress to get a plan in place to deal with the debt as soon as the election's over, or risk a further loss in business confidence. fix the debt is chaired by former senator alan simpson and erskine bowles, the same men the president tapped to lead the national commission on fiscal responsibility. it's a very important issue for their businesses. >> tom: many months ago they were reprimanded for to the being more vocal about the fiscal situation in the united states. and here at the are on the eve of the presidential election getting their voices heard, certainly. let's get going with tonight's "market focus." the major indices squeezed out some small gains a

show of unity, companies as diversified as goldman sachs and cisco, boeing, aetna and many others are ringing in the alarm bells. and it's not in a partisan way. they want to make sure we are also making much-needed and sensible spending cuts. and above all, we cannot go over the fiscal cliff. the cuts and tax reform must be thought out and effective. not blunt and damaging. but isn't the it interesting that it's business that is pressing congress to act? they say it is urgent to put a plan in place to cut america's debt load. in the here and know, the uncertainty about tax rates and government contracts is throwing a monkey wrench in their budget plans for 2013. in the long term, these leaders of business all know that a trillion dollar annual deficit piled on to an already unimaginable debt is simply not sustainable. this group reflect and responds to the economy. businesses create jobs but they will not commit to adding heads to the payroll in the face of so many questions out there. in fact, if congress fails to act and reach an agreement by year end, automatic spending cuts w

aetna accidentally leaked the fact a given money to the chamber of commerce, which is a trade association of 501(c) 600 american action network which melanie was mentioning earlier. so you're not seeing the money come in that is reported. is most likely at least going to experts coming in to the anonymous. >> nay, i want to bring up something you wrote about in one of your articles that said that the democratic super pac money is coming from kyle boller communions and hollywood. i thought that was such a nice little summary. maybe you could expand speech i'll answer the question very simply. rich, white, man, texas, florida, las vegas. >> wow. >> that's where the money is coming from. i've spent way too much time looking at reports. actually one thing about the ad to the super pacs, and contest else about the tax-exempt groups, and there is some evidence that's the main conduit for corporate money and not super pacs. but super pacs have made a country whose electorate is more and more diverse, had more of the money in politics that we know about come from a smaller number of v

, chuck. >>> some rumbling and shaking at europe's tallest active volcano. seismologists say mount aetna on the island of sicily has seen a slight increase in volcanic shaking but they are not predicting an eruption. the volcano has had several small eruptions in the last two years including one that closed an airport back in january. >>> the time right now is 6:51. up next on news 4 today the specially trained golden retriever that is taking a major load off a little girl and her medical problems. >>> plus the jolting ambitions by a celebrity dar >>> there is a little girl in virginia named noelle. she relies on an oxygen tank to breathe but now has a new friend to carry her oxygen on his four legs. he is only the second dog in the country trained for this specific purpose. 4-year-old noelle michaels is learning man's best friend can be a girl's best accessory. noelle's parents say she was tiny at birth, under 2 pounds, a premie who arrived before her lungs could fully develop. >> she's been on oxygen her entire life and we're thinking she'll probably be on it for quite sometime if not

of labor strikes at home and a weak european market. and aetna is posting quarterly profit of $1.55 a share. 21 cents above estimates. and the aetna guy has really got a lot of play here. he hasn't been ceo for that long. >> he's come in a couple times. he's been actively involved in making acquisitions, changing the composition of the company and speaking openly on the fiscal cliff. >> i think we he definidefiniteo make -- most people assume we'll kick the can down the road, but we have the grand -- >> right. >> exactly. we need to rise above to fix. >> we'll check on the markets this morning because yesterday the markets did end down again. dow back done at 13,077, but this morning the futures are indicated higher. up 56 for the dow. s&p 500 and nasdaq futures indicated higher. in europe, they have some green arrows. the cac up by and a half a percentage point. the ftse in london up by a quarter percentage point. in asia, markets ended mixed. big gainer was the nikkei. oil prices are rebounding slightly. 86.28. the ten year note, yield above 1.8%. 1.82%. and the dollar is a little bit wea

. a lot have been at about 60/40 one party or another. aetna is bipartisan on the face of it a partisan in the countries. it is new is that there really are some downsides of putting money into super packs. there used to be considerable downside. you cannot control the message. now you can control the message. getting is you're not the lowest rate, at the fact that the super pacs and not able to buy air time at the same price shows that the romney super pacs were paying six times as much for the same time. that is an interesting development. and may make people think differently. do small donors still mattered? clearly. they are still a very significant part of at least the obama campaign. it'll be interesting to see how many congressional candidates are able to build a base of small donors. that extends to what is one of the most interesting areas of reform. can we use that to build reform initiatives that enhance the value of small donors and encourage candidates to sneak out small donors and enhance this for small donors. there was a great system in minnesota that has since been defu

are from both parties. this is in this morning's "wall street journal." a great quote from aetna's ceo. he basically said there's no way to avoid raising taxes even if you do the arithmetic a million different ways, even if you do all the spending cuts you could, it's not enough. have you to raise taxes. their opinion. >>> hundreds of families forced from their homes by a wildfire are on edge right now. crews think they know what started this dangerous fire. >>> plus, listen to this. do you know any 12-year-old that can play like this on the accordion? she has a real good shot at becoming the world's best. [ male announcer ] this is the story of billy and charlotte, who shared the same great love, stargazing. so what better holiday gift for charlotte than a few million billion stars? with his ultrabook™, inspired by intel, featuring intel® core™ processors, billy captured the entire cosmos in all its glory and sent it to her. happy holidays charlotte. [ male announcer ] so now the stars could come out whenever charlotte wanted. [ female announcer ] get billy's inspiron 14z ultrabook f

than 80 big-name u.s. corporations from aetna are banding together to pressure congress to reduce the federal deficit with tax revenue increases as well as spending cuts. and a couple more lines from this, the ceos who signed the manifesto deemed that tax increases are inevitable. no matter which party succeeds, there is no possible way you can do the arithmetic, a million different ways to avoid raising tacks says the ceo of aetna. you can't tax your way to fix this problem and you can't cut entitlements enough to fix this problem. their point in getting together to do this is to try and create a climate in which compromise is possible, something that we haven't seen in washington. >> well, it would be nice for them to step up and do this publicly, not just now, but at the time those negotiations are under way because there needs to be some countervailing pressure here. if this debate is pulled over by those folks who say you cannot touch any piece of this, whether it's taxes or anything else, it's not going to go anywhere. nice to have some grown-ups in this discussion. i would

-- aetna is bipartisan on the face of it a partisan in the countries. it is new is that there really are some downsides of putting money into super packs. there used to be considerable downside. you cannot control the message. now you can control the message. the fact is you're not getting the lowest rate, at the fact that the super pacs and not able to buy air time at the same price shows that the romney super pacs were paying six times as much for the same time. that is an interesting development. and may make people think differently. do small donors still mattered? clearly. they are still a very significant part of at least the obama campaign. it'll be interesting to see how many congressional candidates are able to build a base of small donors. that extends to what is one of the most interesting areas of reform. can we use that to build reform initiatives that enhance the value of small donors and encourage candidates to sneak enhancell donors and and ho this for small donors. a lot of people have moved to thinking it is a really viable way of thinking about campaigns. they put

the times did about the fact they are going through the c4 with groups like aetna accidentally leaked the fact they've given money to the chamber of commerce, which is a trade association, which melanie was mentioning earlier. so you are not seeing the money coming from the corporations reported. it is most likely, at least according to experts coming into the anonymous menu. >> i wanted to bring up something you wrote about one of your articles that said the democratic super pac money is coming from trial lawyers, unions and hollywood. i thought that was the next summary. >> all answered very quickly. rich, white, man, new york, texas, california, kansas and las vegas. that's where the money is coming from. >> there you go. >> i spent which you much time looking at fec reports. and actually, one thing about the ads and again, doesn't tell us about the tax exempt groups, and there is evidence that is the main conduit for corporate money and not super pacs. the super pacs have made a country more and more diverse have more of the money in politics that we know about come from a smaller

. but when organizations donate -- when corporations like aetna is making a nearly $4 million donation to the american action network bay are doing it because they have an agenda. it is a business decision. we only found out about them because they filed a paper with the national association of insurance commissioners by accident. somebody inadvertently reported their donations to the american action network. we got this window. was the first time we found out what they were donating to a 501(c)4 . the american action network gets hundreds of millions of dollars. there's a whole litany of the scripps. you can imagine there's a lot of corporate money going in. we have no idea with those corporations are expecting. >> we would it have any idea if we knew either. and i think that, let us to step back. corporations spend about 100 times as much money every year on its charitable contributions as they do on all political spending combined. what they expect? what is their agenda? we do not worry about it. corporations give away a lot of money because they think it will make for a better soci

-- aetna, bhp, china mobile, csx, goldman sachs, google, qualcomm. if we can show people where they see the growth around the world for 2013. it wasn't just a u.s. call. it was a global call. in part this call was an underweight of japan. curiously though, they see the topix in japan rising 25% even though they moved to an underweight rating on the stock. so that's curious. we do have an e-mail in to citi to ask about that, how can you be underweight and see a 25% gain over the next year-plus. >> worried about japanese banks, too many bonds, machine tool numbers out last night. >> and automakers. >> if china shuts its market to japan, the political implications of this new cold war between the two, you're not going to be able to sell in to one of the greatest markets that everybody's hoping for. it is political but the chinese in the end just like they did to google -- the chinese have -- they care passionately about political issues. >> yeah. absolutely they do. >> they trump even money. >> as we point the out watching those tensions between china and japan very important. >>> let's mo

and they expect to get something out of it. we only found out by mistake. aetna filed a paper at the national association of insurance commissioners by accident. they were supposed to reveal lobbying donations and summoned inadvertently reported they are donations to the american action network and the chamber of commerce. so we got this window is the first time we found out that the corporation was donating. you can imagine if admitted that comets unlikely to be alone. the american action network is not alone. there's a litany of these groups. you can imagine a lot of corporate money going in and we as americans have no idea what those corporations are expecting for those contributions. >> we wouldn't have any idea if we knew either. bush is a step back a little bit. corporations spend about 100 times as much money every year on charitable contributions as they do on all political spending combined, right? what did they expect from that? what do they get a mac? what is their agenda? we don't worry. corporations give away a lot of money because they think it will make for a better society for

-- i couldn't rattle off the names -- >> let me do it for you then. aetna, csx, google, qualcomm, aes, the top. >> and if you look at a few of those, that will fit with some of those sector calls we're making, as well. where we think that those are better positioned. i would add, one last point on this. the aspect about the european exposure is important to understand different ways, because materials in the u.s. is 70% chemicals, only 20% metals and mining. and if you were going to europe, asia, it's much, much skewed towards ls.i actually think met mining is looking interesting. it's more the chemical, that 70% component dragging down what's going on in materials. >> and you feel good about being in semis and semi equipment at a time when we're getting negative data on pc sales. intel and amd a month apart. >> the story for us there is what's happening in semi capital equipment demand. semis are fairly commodity-based. if i ask how many chips are sitting in your smartphone, you couldn't tell me or who is in your particular phone. >> she might be able to, but go on. >> it's a commodi

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